Global Laser Cutting Machines Market Is Poised for Greater Growth, Analysts Say
The market is trending toward automation, AI for precision and efficiency, and the rising use of fiber lasers for enhanced speed and performance, according to Allied Market Research.
WILMINGTON, Del.—The global laser cutting machines market is currently experiencing robust growth, driven by the rapid advancement of manufacturing technologies and the increasing adoption of automation. That’s according to market intelligence firm Allied Market Research (AMR), provider of the report, “Global Laser Cutting Machines Market.” The report analyzes and forecasts the market by technology, process, end users, and region for the years 2024 to 2033.
When assessing the likelihood of future growth, the firm’s analysts see substantial room to run. In a June 2025 release highlighting the findings of its report, AMR valued the market at $5.7 billion in 2023, and projected it to reach $13.3 billion by 2032, growing at a compound annual growth rate of 9.9 percent from 2024 to 2032.
“The global laser cutting machines market is poised for significant growth, driven by the rising demand for precision manufacturing and automation across various industries,” AMR stated in the release.
The laser cutting machines market involves the production and sale of machines that use high-powered lasers to cut materials with precision and efficiency. These machines are employed across various industries, including manufacturing, automotive, aerospace, and textiles, due to their ability to cut complex shapes and patterns with minimal waste, the release stated.
According to AMR, expansion of sectors such as automotive, aerospace, and electronics is expected to fuel market growth, particularly in regions experiencing rapid industrialization, such as Asia-Pacific and North America. The automotive and aerospace sectors, in particular, are major contributors to market demand, as they require intricate designs and high-quality finishes.
“As manufacturers seek to enhance efficiency and reduce material waste, the adoption of advanced laser cutting technologies is becoming increasingly prevalent, further propelling market dynamics,” AMR said in the release.
Laser cutting technology is a highly versatile process that can process a range of materials, from metals to plastics, wood, and textiles. Advancements in laser technology, such as fiber lasers and CO2 lasers, have enhanced cutting speed and quality. In addition to the increasing demand for automation and precision engineering in manufacturing processes, the market today is being propelled by the growing trends of custom fabrication, personalized products, and just-in-time manufacturing.
Industries today are also seeking to enhance productivity and reduce operational costs. Laser-cutting machines address these goals by providing an efficient method for high-precision cutting and minimal material waste.
However, the high initial investment cost and the need for skilled operators can act as barriers to entry for smaller businesses. Competitive pressure is intensifying as manufacturers focus on innovation, such as incorporating AI and IoT technologies into laser systems for enhanced functionality, the company said.
The market also faces challenges from emerging alternatives and substitutes, necessitating ongoing research and development. As sustainability becomes a priority, eco-friendly practices and energy-efficient machines are expected to gain traction, influencing market dynamics moving forward.
“Moreover, the increasing trend of customization in various industries is pushing manufacturers to adopt laser-cutting technology to meet specific customer requirements swiftly,” the release stated. “The rise of e-commerce and the need for rapid prototyping are also driving demand, as businesses seek agile manufacturing processes that laser-cutting machines can provide. Partnerships between laser-cutting machine manufacturers and software developers are becoming more common, leading to integrated solutions that enhance overall production efficiency.”
As global competition intensifies, companies are seeking to further solidify their market positions by investing in advanced laser technologies, such as fiber lasers that are known to offer higher speed and better performance. Overall, according to AMR, the laser cutting machines market is set for continued expansion, driven by technological advancements and shifting consumer demands.
Asia-Pacific is reported to have generated the largest revenue in 2023 and is anticipated to grow at the highest CAGR during the forecast period, due to several key factors.
“The region is undergoing rapid industrialization and urbanization, which has led to significant investments in manufacturing and infrastructure,” the release stated. “Additionally, the strong presence of major automotive and electronics manufacturers in countries like China, Japan, and South Korea is driving the demand for advanced laser cutting technologies.”
According to AMR, as these industries increasingly emphasize automation and adopt smart manufacturing practices, the need for precision tools like laser cutting machines continues to rise. Furthermore, competitive labor costs and a skilled workforce in the region make Asia-Pacific an attractive hub for manufacturing, fostering further investment in laser cutting systems to enhance production efficiency and precision. Collectively, these factors are said to position Asia-Pacific as a dominant player in the laser cutting machines market.
Key Findings
In analyzing the laser cutting machines market by technology, process, end users, and region, AMR reported several key findings.
“By technology, the solid-state lasers segment dominated the laser cutting machines market analysis in terms of revenue in 2023,” the release stated. “By process, the fusion cutting segment dominated the laser cutting machines market forecast in terms of revenue in 2023. However, the sublimation cutting segment is anticipated to grow at the fastest CAGR during the forecast period.”
In addition, the automotive segment was found to be industry’s largest end user of laser cutting machines, accounting for a major share during the base year 2023, according to AMR. By region, Asia-Pacific generated the largest revenue in 2023 and is anticipated to grow at the highest CAGR during the forecast period, the company said.
Among the top players profiled in the laser cutting machines market are Trumpf, Bystronic, Amada, Coherent, IPG Photonics, Mazak Optonics Corp., LVD Strippit, Prima Power, Salvagnini, and Han’s Laser. Market players have adopted various strategies, such as product launch, collaboration and partnership, joint venture, and acquisition, to expand their foothold in the test and measurement equipment market, according to AMR.
Source: EIN Presswire, Allied Market Research
Market Research Firm Expects Further Expansion of Laser Cutting Machines Market to 2034
LUTON, Bedfordshire, UK—Market research and consulting services firm Exactitude Consultancy is forecasting substantial growth for the laser cutting machines market up to the year 2034, the company said in a release summarizing the findings of its report, “Laser Cutting Machines Market Outlook 2025-2034.”
From a projected market value of approximately $4.2 billion in 2024, the market is expected to expand at a compound annual growth rate (CAGR) of 6.5 percent from 2025 to 2034, potentially reaching approximately $7.3 billion by the end of the forecast period, according to the release.
According to Exactitude Consultancy, industries such as automotive, electronics, packaging, pharmaceuticals, HVAC, and more are increasingly adopting automated laser cutting machines. These machines are widely used across various end-use sectors to efficiently produce high-quality products.
“The growing trend of automation allows manufacturers to automate various processes, including laser cutting, resulting in precise production and cutting of pieces and patterns. The ability to deliver uniform results, reduce downtime, and improve energy efficiency has led manufacturers to invest in laser cutting automation, driving the market’s expansion,” the release stated.
The laser cutting machine market is reported to be primarily fueled by the growing adoption of Industry 4.0 technologies, including automation and data analytics. The internet of things (IoT) is also playing a significant role in enhancing the efficiency of laser cutting machinery by enabling real-time information exchange, which allows operators to monitor and optimize production processes. Manufacturers are focusing on improving operational cost-efficiency, minimizing downtime, and boosting production capacity, the company said in the release.
Some of the prominent market shareholders according to Exactitude, include TRUMPF GmbH + Co. KG, Bystronic Laser AG, Amada Co., Ltd., Mazak Optonics Corporation, Coherent, Inc., Han’s Laser Technology Industry Group Co., Ltd., and Universal Laser Systems, Inc.
Also among them are Epilog Laser, LVD Company nv, Mitsubishi Electric Corporation, and Cincinnati Incorporated, among numerous others.
Market Segments
In the report, the laser cutting machines market is segmented by machine type, spanning CO2 laser cutting machines, fiber laser cutting machines, Nd:YAG laser cutting machines, and disk laser cutting machines.
CO2 laser cutting machines use carbon dioxide gas as the laser medium. They are widely used for cutting metals, plastics, and wood, and are known for their high precision and cutting speed. Fiber laser cutting machines use a fiber optic cable to deliver the laser, offering high energy efficiency, faster cutting speeds, and greater precision compared to CO2 lasers. They are ideal for cutting metals such as stainless steel and aluminum.
Neodymium-doped yttrium aluminum garnet (Nd:YAG) lasers are used in applications requiring high-quality and high-precision cuts. These are typically used in applications such as medical device manufacturing. Disk laser cutting machines are a type of fiber laser that offers high power and efficiency, suitable for cutting thick metal sheets and other materials, the company said.
End-user Industries
The report also delves into how laser cutting machines are used by various end-user industries. In industries such as manufacturing, defense, and energy, laser cutting is used for applications ranging from tool parts to energy-efficient components. Following are additional uses:
- Automotive: Laser cutting machines are used for manufacturing automotive parts, including chassis, engine components, and body parts. Their precision and speed are seen as ideal for the automotive industry’s needs.
- Electronics: In the electronics sector, laser cutting is used for cutting parts for devices like smartphones, tablets, and computer components.
- Aerospace: Precision laser cutting is crucial in aerospace manufacturing for parts that require intricate designs and high tolerances, such as engine components and structural parts.
- Packaging: Laser cutting machines are used in packaging industries to create custom patterns for paper, plastic, and other packaging materials.
- HVAC: Laser cutting is widely used in HVAC systems to manufacture components such as heat exchangers, ducts, and other metal parts.
- Medical Devices: Laser cutting provides high precision needed for manufacturing parts of medical devices, such as surgical tools, implants, and diagnostic equipment.
Exactitude’s report also breaks down the laser cutting machines market by technology (automated, manual, and hybrid), power (low power and high power), and material type (metal cutting machines and non-metal cutting machines).
Automated laser cutting machines incorporate automation systems that allow for faster, more efficient cutting processes with minimal human intervention, reducing labor costs and increasing production. Manual laser cutting machines require manual operation for cutting materials, offering more flexibility but typically less efficiency than automated machines.
Hybrid laser cutters provide versatility in cutting different materials by offering a combination of various technologies, such as laser and plasma, or laser and waterjet cutting.
Low power laser cutting machines are typically used for thin materials. “These machines offer a lower cutting capacity but are suitable for industries that require intricate, precise cuts, such as electronics or jewelry,” the release said. High power laser cutting machines are designed for cutting thick and heavy materials, and are used in industries like automotive, aerospace, and metal fabrication.
Machines are also characterized as either metal cutting machines or non-metal cutting machines. Laser cutting is used extensively for metals such as stainless steel, aluminum, copper, and titanium, in industries such as automotive, aerospace, and manufacturing.
Non-metal laser cutting machines are used to cut materials like plastics, rubber, textiles, and wood. “This segment is growing, particularly in industries like packaging and consumer products,” the company said.
Sources: GlobeNewswire, Exactitude Consultancy